CrowdStrike (NASDAQ:CRWD) Shares Acquired by Blue Square Asset Management LLC

Blue Square Asset Management LLC increased its stake in CrowdStrike (NASDAQ:CRWD - Free Report) by 54.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,751 shares of the company's stock after acquiring an additional 4,473 shares during the period. CrowdStrike makes up approximately 2.4% of Blue Square Asset Management LLC's investment portfolio, making the stock its 12th biggest position. Blue Square Asset Management LLC's holdings in CrowdStrike were worth $4,496,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of CRWD. Cloud Capital Management LLC purchased a new stake in shares of CrowdStrike in the first quarter valued at approximately $25,000. Atlantic Edge Private Wealth Management LLC boosted its holdings in shares of CrowdStrike by 114.3% in the first quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company's stock valued at $26,000 after purchasing an additional 40 shares during the period. E Fund Management Hong Kong Co. Ltd. boosted its holdings in shares of CrowdStrike by 305.3% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock valued at $27,000 after purchasing an additional 58 shares during the period. Sound Income Strategies LLC boosted its holdings in shares of CrowdStrike by 77.6% in the first quarter. Sound Income Strategies LLC now owns 87 shares of the company's stock valued at $31,000 after purchasing an additional 38 shares during the period. Finally, Crowley Wealth Management Inc. purchased a new stake in shares of CrowdStrike in the fourth quarter valued at approximately $34,000. Hedge funds and other institutional investors own 71.16% of the company's stock.

CrowdStrike Price Performance

CrowdStrike stock traded down $8.66 during midday trading on Friday, reaching $478.45. The company had a trading volume of 3,377,761 shares, compared to its average volume of 4,771,281. The company has a market capitalization of $119.25 billion, a P/E ratio of -693.41 and a beta of 1.16. CrowdStrike has a 12-month low of $200.81 and a 12-month high of $517.98. The firm's fifty day simple moving average is $470.20 and its 200-day simple moving average is $410.72. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.85 and a quick ratio of 1.85.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its quarterly earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share for the quarter, beating analysts' consensus estimates of $0.66 by $0.07. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.11 billion. CrowdStrike had a negative net margin of 4.17% and a positive return on equity of 0.43%. CrowdStrike's quarterly revenue was up 19.8% compared to the same quarter last year. During the same period last year, the company posted $0.93 EPS. As a group, equities analysts anticipate that CrowdStrike will post 0.55 EPS for the current year.

Insider Transactions at CrowdStrike

In other CrowdStrike news, CEO George Kurtz sold 55,556 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $447.54, for a total value of $24,863,532.24. Following the transaction, the chief executive officer directly owned 2,192,610 shares of the company's stock, valued at $981,280,679.40. This trade represents a 2.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Roxanne S. Austin sold 15,000 shares of the firm's stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $497.67, for a total transaction of $7,465,050.00. Following the completion of the transaction, the director directly owned 18,858 shares in the company, valued at $9,385,060.86. This trade represents a 44.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 255,821 shares of company stock worth $118,672,681 in the last three months. 3.32% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Piper Sandler cut CrowdStrike from an "overweight" rating to a "neutral" rating and set a $505.00 price objective for the company. in a research note on Monday, July 7th. Mizuho raised their price objective on CrowdStrike from $425.00 to $450.00 and gave the company a "neutral" rating in a research report on Wednesday, June 4th. Barclays set a $500.00 price objective on CrowdStrike in a research report on Tuesday, June 3rd. BTIG Research reaffirmed a "buy" rating on shares of CrowdStrike in a research report on Thursday, May 22nd. Finally, Raymond James Financial reaffirmed an "outperform" rating and set a $485.00 price target (up from $390.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and twenty-seven have assigned a buy rating to the stock. Based on data from MarketBeat, CrowdStrike has an average rating of "Moderate Buy" and a consensus target price of $456.29.

CrowdStrike Profile

CrowdStrike Holdings, Inc provides cybersecurity solutions in the United States and internationally. Its unified platform offers cloud-delivered protection of endpoints, cloud workloads, identity, and data. The company offers corporate endpoint and cloud workload security, managed security, security and vulnerability management, IT operations management, identity protection, SIEM and log management, threat intelligence, data protection, security orchestration, automation and response and AI powered workflow automation, and securing generative AI workload services.